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22-03-2024
Mathematics

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suppose your deposit 5000 in an account that gains 6% interest. How much will be in the account after 5 years with simple interest?

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Assignmenthelper Assignmenthelper

22-03-2024

Answer:

6,500

Step-by-step explanation:

5000(1 + 0.06 x 5)

5000(1 + 0.30)

5000(1.30)

= $6500

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